Sales Tax & Tip

Sales Tax & Tip

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of goods or services, collected by the seller and paid to the government.

2.

FLASHCARD QUESTION

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the purchase price by the sales tax rate (as a decimal), then add that amount to the original purchase price.

3.

FLASHCARD QUESTION

Front

What is a tip?

Back

A tip is a sum of money given to service workers (like waitstaff) as a reward for their service, typically calculated as a percentage of the total bill.

4.

FLASHCARD QUESTION

Front

How do you calculate a tip amount?

Back

To calculate a tip amount, multiply the total bill by the tip percentage (as a decimal).

5.

FLASHCARD QUESTION

Front

If a meal costs $50 and the tip is 15%, how much is the tip?

Back

The tip would be $7.50, calculated as $50 x 0.15.

6.

FLASHCARD QUESTION

Front

What is the formula for calculating total bill with tip?

Back

Total Bill = Original Bill + (Original Bill x Tip Percentage).

7.

FLASHCARD QUESTION

Front

What is the difference between sales tax and tip?

Back

Sales tax is a government-mandated charge on purchases, while a tip is a voluntary payment to service workers for their service.

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